{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers II ESG Global Government Bond UCITS ETF 2D - GBP Hedged",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicating fund that tracks the FTSE ESG Select World Government Bond Index \u2013 DM, which consists of fixed-rate, local currency, investment-grade sovereign bonds from developed markets. The fund uses direct replication by purchasing the underlying bonds, as confirmed by the factsheet. Derivatives are only used for currency hedging purposes to reduce foreign exchange risk between the fund's EUR-denominated assets and the GBP share class currency. There is no indication of synthetic replication, total return swaps, or any funded/unfunded swap structures. No leverage, inverse or amplified return features are present. The risk profile is moderate (risk level 4), consistent with a bond ETF investing in investment-grade sovereign debt. The fund does not employ capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.25% and no performance fees or swap fees. The PRIIPs KID does not include any complexity warnings or comprehension warnings. The underlying assets are liquid government bonds with transparent pricing. The use of derivatives is limited to currency hedging and not for investment exposure, so derivatives are marked false. There is no counterparty risk exposure from swaps or synthetic replication. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with basic knowledge. Therefore, under MiFID II, this ETF is classified as non-complex."
}